Agenda
- Motivation
- Data Set
- Visualization
- US Map of cost for Public/Private
- US Map of net cost for Public/Private
- Density graphs of debt and earnings
- Scatter plot of net cost vs earnings
- Conclusion
- Next Steps
Motivation
Motivation
- Question: With so much money on the line, should you save it by going to Public school, or "invest" it in Private school?
- Recession of 2007-2009 forced many students to choose between public school and private school
- Currently, tuition and student debt is on the raise
- However, more jobs are requiring college degrees
Data Set
Data Set
- College data was released by the U.S Dept of Education and compiled by Kaggle
- 120,000 observations and 2000+ variables
- Limiting the scope of this analysis to Predominately Bachelor Degree granting institions
- Only looking at money aspect (cost, debt, earnings)
- Only looking at latest data (2013)
Visualization
U.S Map of Cost - Private cost more than Public
Cost of attendance, including tuition, fees, living, etc.
U.S Map of Adjusted Net Cost - Private gives more financial aid
Net cost adjusted by average grants/scholarships
Density Plot of Median Debt - More debt from private schools
Density Plot of Median Earning 10 years After Graduation - About the same earning
Scatter Plot of Net Cost vs Earning
Scatter Plot of Net Cost vs Earning
Conclusion
Conclusion
- In general, the cost of private school is greater than public schools
- In general, salaries 10 years after graduation are about the same
- All else being equal, go to public school to save money
Next steps
Next steps
- Incorporate other factors such as size, faculty ratio, programs, etc.
- Use time information to see trends and stability of costs/earnings
- Find way to incorporate associate and other degrees
- Look at top ranking tier of colleges
Thank you! Questions?
